Edition:
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Sixth of October Development and Investment Co SAE (OCDI.CA)

OCDI.CA on Cairo Stock Exchange

22.21EGP
19 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Sodic, Madinet Nasr Appoint Advisers for Merger/Acquisition
Sunday, 20 May 2018 02:02am EDT 

May 20 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::UPDATES ON POSSIBLE COOPERATION BETWEEN CO AND MADINET NASR BY WAY OF MERGER OR ACQUISITION.EFG HERMES AND ZAKI HASHEM & PARTNERS, ATTORNEYS AT LAW, HAVE BEEN APPOINTED AS ADVISORS TO MNHD.APPOINTS CI CAPITAL AND MHR & PARTNERS (WHITE & CASE) AS ADVISORS.  Full Article

SODIC To Enter Into Talks With MNHD To Explore Strategic Alternatives
Wednesday, 11 Apr 2018 04:00am EDT 

April 11 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::CONFIRMS IT WILL ENTER INTO PRELIMINARY TALKS WITH MADINET NASR (MNHD) TO EXPLORE STRATEGIC ALTERNATIVES BY WAY OF MERGER OR ACQUISITION.  Full Article

Medinet Nasr To explore Potential Merger Or Acquisition With Sodic
Tuesday, 10 Apr 2018 09:36am EDT 

April 10 (Reuters) - MEDINET NASR FOR HOUSING AND DEVELOPMENT ::BOARD DISCUSSED POTENTIAL COOPERATION WITH SODIC THROUGH MERGER OR ACQUISITION.BOARD AUTHORIZED CHAIRMAN TO COMMUNICATE WITH SODIC ON POTENTIAL DEAL.BOARD APPROVES APPOINTMENT OF EFG HERMES AS FINANCIAL ADVISER.BOARD APPROVES APPOINTMENT OF ZAKI HASHEM & PARTNERS AS LEGAL ADVISER.  Full Article

SODIC To Develop Residential Tourism Project in Partnership
Sunday, 11 Mar 2018 12:17am EST 

March 11 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::SIGNS TWO PARTNERSHIP DEALS TO DEVELOP RESIDENTIAL TOURISM PROJECT ON ABOUT 308 FEDAN PLOTS.OWNERS OF PLOTS TO HAVE PARTICIPATION OF 28 PERCENT AND CO 72 PERCENT OF TOTAL REVENUE OF RESIDENTIAL AND COMMERCIAL UNITS.EXPECTS TOTAL CUSTOMER CONTRACTS OF PROJECT TO REACH ABOUT EGP 15.2 BILLION DURING 7 YEARS.  Full Article

SODIC Says RA Mena Holding Interested To Buy 10 Pct Stake
Wednesday, 7 Feb 2018 03:25am EST 

Feb 7 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::SAYS RA MENA HOLDING IS INTERESTED TO BUY 10 PERCENT STAKE IN CO‍​.  Full Article

Egypt's Sodic Q3 profit rises
Wednesday, 15 Nov 2017 02:45am EST 

Nov 15 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO SAE ::Q3 CONSOL NET PROFIT AFTER MINORITY INTEREST EGP 166.5 MILLION VERSUS EGP 108.1 MILLION YEAR AGO.Q3 CONSOL TOTAL REVENUE EGP 583.8 MILLION VERSUS EGP 531.5 MILLION YEAR AGO.NINE-MONTH CONSOL NET PROFIT EGP 507.7 MILLION VERSUS EGP 266.5 MILLION YEAR AGO.  Full Article

Egypt's SODIC signs EGP 270 mln credit facility with CIB
Wednesday, 30 Aug 2017 09:40am EDT 

Aug 30 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::SIGNS EGP 270 MILLION MID-TERM CREDIT FACILITY WITH EGYPT'S COMMERCIAL INTERNATIONAL BANK EGYPT .CREDIT FACILITY TO BE USED TO FINANCE OCTOBER PLAZA PROJECT.  Full Article

Egypt's SODIC unit increases credit facility amount to EGP 1.4 bln
Thursday, 24 Aug 2017 03:57am EDT 

Aug 24 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::UNIT SORRELL FOR REAL ESTATE INVESTMENT SIGNS AGREEMENT WITH ARAB AFRICAN INTERNATIONAL BANK TO INCREASE CREDIT FACILITY AMOUNT TO EGP 1.4 BILLION.  Full Article

Egyptian Exchange says Rimco EGT Investment raises stake in Sodic to 7.44 pct
Thursday, 18 May 2017 04:00am EDT 

May 18 (Reuters) - Egyptian Exchange ::Rimco EGT Investment purchases 15.6 million shares of Sixth Of October Development and Investment for EGP 230.4 million.Post purchase, stake of Rimco EGT investment in Egypt's Sodic increases to 7.44 percent from 2.89 percent.  Full Article

Sixth of October Development and Investment Q1 consol profit rises
Tuesday, 16 May 2017 03:22am EDT 

May 16 (Reuters) - Sixth Of October Development and Investment Co :Q1 consol net profit after tax and minority interest EGP 211 million versus EGP 51 million year ago.Q1 consol total revenue EGP 703 million versus EGP 187 million year ago.As of March 31, 2017 receivables stood at EGP 9.9 billion.Backlog of EGP 13 billion providing strong earnings visibility for coming three years.  Full Article